Posted 12/27/2023, 5:22:49 PM
Congressman Seeks SEC Shakeup, Calling for Gensler Firing Over Crypto Stance
- US Congressman Warren Davidson calls for firing SEC Chair Gary Gensler in 2024 and holding the SEC accountable for corruption
- Davidson introduced SEC Stabilization Act to remove Gensler and restructure the agency due to "long series of abuses" under Gensler
- Davidson says Gensler has led combative, enforcement-first approach towards crypto industry
- Bill would aim to correct SEC's past abuses of power and protect markets
- Davidson "It's time for real reform and to fire Gary Gensler as Chair of the SEC"